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Thonotosassa Real Estate Update:

2 homes sold during the same period last year which resulted in 50% decrease in the number of homes sold and closed. Though it also did result in an increase in the median price from $106,675 to $755,000.

The number of closed home sales went down since last month from 9 homes to 1 home and resulted in higher median price from $199,000 to $755,000.

At the end of the month there were 36homes available for sale in this area ofThonotosassawhich included 9 new home listings.

New home listings were down from 13 to 9 homes in contrast with same period last year and went up since last month from 8 to 9 homes.

Since 5 homes went under contract, it resulted in only 7.2 months of inventory of available homes for sale.

Number of homes that went under contract were down from 8 homes in January 2014 to 5 homes in January 2015. Though they were down since last month from 8 to 5 homes.

The average days for a home that was on the market currently in this Thonotosassa area is around 236 days which is much higher than the last month’s and the last year’s average.

The home sold in Thonotosassa real estate was purchased with conventional financing.